Probiotics Market was estimated at USD 63.70 Billion units in 2021, are estimated to gain a revised size of USD 105.68 Billion by 2028 growing at a CAGR of 7.5% globally.
Probiotics are bacteria and yeast that are present in the body naturally and also probiotics are consumed in the required quantity through food, liquids, capsules, and tablets in the case of deficiency. Probiotics help humans as well as animals to maintain a healthy microbial balance in their intestines. Probiotics are bacteria that help to ensure digestion by promoting digestive juices and enzymes in the body.
Key Market Players:
Aria Foods (Denmark),Lallemand (Canada),Danone (France),Nestle S.A. (Switzerland),Danisco (Denmark),BioGaia AB (Sweden),General Mills Inc. (US),Mother Dairy Fruits and Vegetables Pvt Ltd.(India),Lifeway Foods Inc. (US),Chr Hasen Holding A/S (Denmark),Yakult Honsha Co. Ltd (Japan),Cell Biotech Co. Ltd. (South Korea),Probiotical S.P.A. (Italy),Kerry Group Plc. (Ireland),Evolve BioSystem. (US),KeVita Inc. (US),Probi AB (Sweden) and other major players.
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Segmentation of Probiotics market:
· Food and Beverages
· Dietary Supplements
· Animal Feed
By Regional Outlook
· North America (U.S., Canada, Mexico)
· Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
· Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
· Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
· Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
· South America (Brazil, Argentina, Rest of SA)
COVID-19 Impact on the Probiotics Market:
The Covid-19 pandemic had a positive impact on the global Probiotic Market in 2020. The people were under pressure during the crisis due to the increasing Covid-19 cases and this virus is mainly affecting people with low immunity power. Probiotic Market worldwide witnessed high growth due to its property of boosting immunity. Probiotics help to increase immunity and lower the risk of high blood pressure, cholesterol, and obesity. Governments apply restrictions and lockdowns, people are at their homes and facing these problems and to overcome from their intake of probiotic products is increased. As a result, in Covid-19 the market experienced growth.
Reasons to Purchase this Market Report:
· Market forecast analysis through recent trends and SWOT analysis
· Probiotics Market Dynamics Scenarios with Market Growth Opportunities over the Next Year
· Market segmentation analysis, including qualitative and quantitative studies that include economic and non-economic impacts
· Probiotics Market Regional and country-level analysis that integrates demand and supply forces that impact the growth of the market.
· Competitive environment related to the Probiotics market shares for key players, along with new projects and strategies that players have adopted over the past five years
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